Money and Banking: An Introduction to the Financial System [by] W. H. Steiner, Eli Shapiro [and] Ezra Solomon |
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Page 447
... Theory The HE strict interpretation of the quantity theory discussed in the last chapter - namely , that changes in the stock of money bring about proportional changes in the price ... theory itself 447 The Evolution from the Quantity Theory.
... Theory The HE strict interpretation of the quantity theory discussed in the last chapter - namely , that changes in the stock of money bring about proportional changes in the price ... theory itself 447 The Evolution from the Quantity Theory.
Page 449
... theory failed to provide the answers to a whole host of questions which arose on the subject of the relationship between monetary forces and economic magnitudes ... theories which evolved from SHORTCOMINGS OF THE QUANTITY THEORY 449.
... theory failed to provide the answers to a whole host of questions which arose on the subject of the relationship between monetary forces and economic magnitudes ... theories which evolved from SHORTCOMINGS OF THE QUANTITY THEORY 449.
Page 472
... theory as formulated by Irving Fisher . b . The quantity theory as formulated by the Cambridge school . c . Wicksell's theory of the aggregate demand and the aggregate supply of commodities and the relation between the money and the ...
... theory as formulated by Irving Fisher . b . The quantity theory as formulated by the Cambridge school . c . Wicksell's theory of the aggregate demand and the aggregate supply of commodities and the relation between the money and the ...
Contents
Money and Economic Activity | 3 |
Monetary Systems | 25 |
The American Monetary System | 40 |
Copyright | |
27 other sections not shown
Common terms and phrases
amount assets bank's bankers banking system billion bills Board of Governors borrowing branch banking cash central bank changes Chaps checks circulation commercial banks commodity consumption Corporation debt demand deposits deposit account depositors discount dollar economic activity effect employment excess reserves exchange rates expansion expenditures exports factors Federal Reserve Act Federal Reserve banks Federal Reserve notes Federal Reserve System finance foreign exchange funds gold standard government securities important increase inflation institutions interest rates issues lending level of income liabilities liquidity loans and investments member bank reserve ment monetary policy monetary stock money market national bank national income open-market operations output payments percent period price level production propensity to consume purchases quantity theory rate of interest reduce Reserve authorities reserve balances reserve position reserve requirements rise savings short-term silver stability stock of money supply tion trade transactions Treasury currency volume York